Dupont Capital Management Corp Invests $944,000 in American Axle & Manufacturing Holdings, Inc. (AXL) Stock

Dupont Capital Management Corp purchased a new position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 53,703 shares of the auto parts company’s stock, valued at approximately $944,000.

A number of other institutional investors have also modified their holdings of AXL. Ameritas Investment Partners Inc. raised its position in American Axle & Manufacturing Holdings by 7.6% in the second quarter. Ameritas Investment Partners Inc. now owns 7,128 shares of the auto parts company’s stock worth $111,000 after acquiring an additional 503 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in American Axle & Manufacturing Holdings by 13.7% in the second quarter. Public Employees Retirement System of Ohio now owns 7,433 shares of the auto parts company’s stock worth $116,000 after acquiring an additional 895 shares in the last quarter. CIBC Asset Management Inc bought a new stake in American Axle & Manufacturing Holdings in the second quarter worth about $162,000. Victory Capital Management Inc. raised its position in American Axle & Manufacturing Holdings by 76.9% in the third quarter. Victory Capital Management Inc. now owns 9,748 shares of the auto parts company’s stock worth $171,000 after acquiring an additional 4,238 shares in the last quarter. Finally, Amalgamated Bank raised its position in American Axle & Manufacturing Holdings by 18.7% in the second quarter. Amalgamated Bank now owns 12,041 shares of the auto parts company’s stock worth $188,000 after acquiring an additional 1,900 shares in the last quarter.

In other American Axle & Manufacturing Holdings news, Director George Thanopoulos sold 123,901 shares of American Axle & Manufacturing Holdings stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $15.15, for a total transaction of $1,877,100.15. Following the transaction, the director now owns 876,745 shares of the company’s stock, valued at approximately $13,282,686.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.96% of the company’s stock.

Several equities research analysts have commented on the stock. B. Riley reiterated a “sell” rating on shares of American Axle & Manufacturing Holdings in a research report on Wednesday, November 1st. Bank of America Corporation boosted their price objective on American Axle & Manufacturing Holdings from $12.00 to $13.00 and gave the stock an “underperform” rating in a report on Monday, November 6th. Royal Bank Of Canada restated a “buy” rating and set a $23.00 price objective on shares of American Axle & Manufacturing Holdings in a report on Friday, November 3rd. Zacks Investment Research downgraded American Axle & Manufacturing Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Finally, ValuEngine upgraded American Axle & Manufacturing Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $20.56.

American Axle & Manufacturing Holdings, Inc. (AXL) opened at $17.45 on Friday. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.41 and a current ratio of 1.72. American Axle & Manufacturing Holdings, Inc. has a 12 month low of $13.37 and a 12 month high of $21.25. The firm has a market capitalization of $1,966.50, a PE ratio of 4.83, a price-to-earnings-growth ratio of 0.63 and a beta of 1.37.

American Axle & Manufacturing Holdings (NYSE:AXL) last released its earnings results on Friday, November 3rd. The auto parts company reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.21. American Axle & Manufacturing Holdings had a return on equity of 36.26% and a net margin of 5.07%. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the business posted $0.78 EPS. The business’s revenue for the quarter was up 71.2% on a year-over-year basis. equities research analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 3.5 earnings per share for the current year.

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American Axle & Manufacturing Holdings Profile

American Axle & Manufacturing Holdings, Inc (AAM) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, crossover vehicles, passenger cars and commercial vehicles. Its driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels.

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Institutional Ownership by Quarter for American Axle & Manufacturing Holdings (NYSE:AXL)

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